Prop Firm Challenge Toolkit: Daily Loss & Drawdown Control Panel + 2 Guides (Excel & Google Sheets)

Know exactly how much room you have left before every trade, so a challenge doesn't end on arithmetic.

Most failed prop firm evaluations don't end because someone can't trade. They end on a number: a daily loss limit that got away, or a drawdown floor that quietly climbed while you were winning. This toolkit handles the numbers so you can focus on the trading.

What it does for you

• You type your firm's rules once: account size, daily loss limit, max drawdown, drawdown type, profit target, minimum days.
• Before each trade it shows the room you have left today and overall, and a position size that can't breach either limit.
• It warns you when the room left is too small to trade, which comes before zero.
• It tracks your minimum trading days and consistency rule for you.

What's inside

• Challenge Control Panel (Excel + Google Sheets): a blank copy for your account and a copy filled with a full worked challenge, so you can see it running first.
• The Drawdown Decoder (36-page PDF): static vs trailing-on-close vs trailing-on-equity drawdown, explained on worked equity curves, so you know which one your firm uses and where your floor is today.
• The Challenge Plan (30-page PDF): a morning routine, a six-box pre-trade checklist, a stopping rule, and what to do on the losing day and the winning day.
• Bonus: the Pro Trading Journal 2.0 (with its Weekly Review and What-If Lab tabs) plus its worked example and review guide, and the Trade-Making Checklist.
• Hover explanations on every input and result, written for someone seeing it for the first time.

Who it's for

Anyone taking (or about to take) a funded-account evaluation who wants the rules handled by a spreadsheet instead of mental math in the middle of a trade.

An honest note

It contains no prop firm's rules, on purpose: firms change them often, so you enter yours and it stays correct whatever firm you use. Nothing can make anyone pass an evaluation, and this doesn't claim to; it removes the failures that were arithmetic, not trading. Educational tool, not financial advice. Not affiliated with or endorsed by any prop firm.

Works in Microsoft Excel and Google Sheets. Instant download, yours to keep, no subscription.